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Bank of South Carolina Corporation Declares Increased Dividend

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Bank of South Carolina (OTCQX: BKSC) has declared a quarterly cash dividend of $0.19 per share to shareholders of record on October 8, 2024, payable on October 31, 2024. This marks the 140th quarterly cash dividend paid to shareholders and represents a $0.02 per share or 12% increase from the previous dividend.

Eugene H. Walpole, IV, President and CEO, stated that the company's strong earnings and capital position support this dividend increase. With this payment, the total cash dividends paid to shareholders since the Bank's inception will exceed $66 million. The company expressed pride in its legacy of rewarding shareholders and its intention to continue this practice in the future.

La Bank of South Carolina (OTCQX: BKSC) ha dichiarato un dividendo in contante trimestrale di $0,19 per azione agli azionisti registrati l'8 ottobre 2024, pagabile il 31 ottobre 2024. Questo segna il 140° dividendo in contante trimestrale pagato agli azionisti e rappresenta un aumento di $0,02 per azione o del 12% rispetto al dividendo precedente.

Eugene H. Walpole, IV, Presidente e CEO, ha dichiarato che i solidi guadagni dell'azienda e la sua posizione di capitale supportano questo aumento del dividendo. Con questo pagamento, il totale dei dividendi in contante pagati agli azionisti dalla fondazione della banca supererà 66 milioni di dollari. L'azienda ha espresso orgoglio per la sua eredità di ricompensare gli azionisti e la sua intenzione di continuare questa pratica in futuro.

El Bank of South Carolina (OTCQX: BKSC) ha declarado un dividendo en efectivo trimestral de $0.19 por acción para los accionistas registrados el 8 de octubre de 2024, pagadero el 31 de octubre de 2024. Esto marca el 140º dividendo en efectivo trimestral pagado a los accionistas y representa un aumento de $0.02 por acción o del 12% en comparación con el dividendo anterior.

Eugene H. Walpole, IV, Presidente y CEO, declaró que las sólidas ganancias y la posición de capital de la empresa respaldan este aumento del dividendo. Con este pago, el total de dividendos en efectivo pagados a los accionistas desde la fundación del banco superará los 66 millones de dólares. La empresa expresó su orgullo por su legado de recompensar a los accionistas y su intención de continuar esta práctica en el futuro.

사우스 캐롤라이나 은행 (OTCQX: BKSC)은 2024년 10월 8일 기준 주주에게 주당 $0.19의 분기 현금 배당금을 선언하였으며, 이는 2024년 10월 31일에 지급될 예정입니다. 이는 주주에게 지급되는 140번째 분기 현금 배당금이며, 이전 배당금에 비해 주당 $0.02 또는 12% 증가한 것입니다.

유진 H. 월폴 IV, 사장 겸 CEO는 회사의 강력한 수익과 자본 상황이 이번 배당금 인상을 뒷받침한다고 밝혔습니다. 이 지급으로 인해 은행 설립 이후 주주에게 지급된 총 현금 배당금은 6600만 달러를 초과할 것입니다. 회사는 주주를 보상해 온 유산에 자부심을 느끼며, 앞으로도 이 관행을 계속할 의사를 표명했습니다.

La Bank of South Carolina (OTCQX: BKSC) a déclaré un dividende en espèces trimestriel de $0.19 par action aux actionnaires inscrits au 8 octobre 2024, payable le 31 octobre 2024. Cela marque le 140e dividende en espèces trimestriel versé aux actionnaires et représente une augmentation de $0.02 par action ou de 12% par rapport au dividende précédent.

Eugene H. Walpole IV, Président et CEO, a déclaré que les solides bénéfices de l'entreprise et sa position en capital soutiennent cette augmentation du dividende. Avec ce paiement, le total des dividendes en espèces versés aux actionnaires depuis la création de la banque dépasse 66 millions de dollars. L'entreprise a exprimé sa fierté pour son héritage de récompense des actionnaires et son intention de continuer cette pratique à l'avenir.

Die Bank of South Carolina (OTCQX: BKSC) hat eine vierteljährliche Bardividende von 0,19 $ pro Aktie für die am 8. Oktober 2024 verzeichneten Aktionäre erklärt, die am 31. Oktober 2024 auszuzahlen ist. Dies markiert die 140. vierteljährliche Bardividende, die an die Aktionäre ausgezahlt wird, und stellt eine Erhöhung um 0,02 $ pro Aktie oder 12% im Vergleich zur vorherigen Dividende dar.

Eugene H. Walpole, IV, Präsident und CEO, erklärte, dass die starken Gewinne und die Kapitalposition des Unternehmens diese Dividendensteigerung unterstützen. Mit dieser Zahlung wird die Summe der an die Aktionäre seit Bestehen der Bank gezahlten Bardividenden über 66 Millionen $ liegen. Das Unternehmen drückte seinen Stolz auf sein Erbe der Belohnung von Aktionären aus und beabsichtigt, diese Praxis in Zukunft fortzusetzen.

Positive
  • Quarterly dividend increased by 12% to $0.19 per share
  • Strong earnings and capital position support dividend increase
  • Total cash dividends paid to shareholders will exceed $66 million
Negative
  • None.

CHARLESTON, S.C., Sept. 26, 2024 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (OTCQX: BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.19 per share to shareholders of record October 8, 2024, payable October 31, 2024.  This represents the 140th quarterly cash dividend paid to shareholders.

Eugene H. Walpole, IV, President and Chief Executive Officer, stated, "The strength of our earnings to-date and capital position support this $0.02 per share or 12% increase in the quarterly cash dividend.  With its payment, total cash dividends paid to shareholders since the Bank's inception will exceed $66 million.  We are proud to have a legacy of rewarding our shareholders, and we look forward to continuing to do so in the future."

About Bank of South Carolina Corporation

The Bank of South Carolina Corporation is the holding company of The Bank of South Carolina ("The Bank"). The Bank is a South Carolina state-chartered financial institution with offices in Charleston, North Charleston, Summerville, Mt. Pleasant, James Island, and the West Ashley community and has been in continuous operation since 1987.  Our website is www.banksc.com. Bank of South Carolina Corporation currently trades its common stock on the OTCQX® Best Market under the symbol "BKSC".

Image (PRNewsfoto/Bank of South Carolina Corporation)

 

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SOURCE BANK OF SOUTH CAROLINA

FAQ

What is the new quarterly dividend for Bank of South Carolina (BKSC)?

Bank of South Carolina (BKSC) has declared a new quarterly cash dividend of $0.19 per share, representing a $0.02 or 12% increase from the previous dividend.

When will Bank of South Carolina (BKSC) pay its next dividend?

Bank of South Carolina (BKSC) will pay its next dividend on October 31, 2024, to shareholders of record as of October 8, 2024.

How many consecutive quarterly dividends has Bank of South Carolina (BKSC) paid?

Bank of South Carolina (BKSC) has paid 140 consecutive quarterly cash dividends to its shareholders.

What is the total amount of dividends paid by Bank of South Carolina (BKSC) since inception?

With the payment of the newly declared dividend, the total cash dividends paid to shareholders by Bank of South Carolina (BKSC) since its inception will exceed $66 million.

BANK OF SO CAROLINA CORP

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United States of America
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